Raasi Refractories Balance Sheet Health
Financial Health criteria checks 2/6
Raasi Refractories has a total shareholder equity of ₹-113.1M and total debt of ₹293.7M, which brings its debt-to-equity ratio to -259.7%. Its total assets and total liabilities are ₹567.0M and ₹680.0M respectively. Raasi Refractories's EBIT is ₹74.1M making its interest coverage ratio 3.7. It has cash and short-term investments of ₹23.6M.
Key information
-259.7%
Debt to equity ratio
₹293.70m
Debt
Interest coverage ratio | 3.7x |
Cash | ₹23.60m |
Equity | -₹113.08m |
Total liabilities | ₹680.04m |
Total assets | ₹566.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 502271 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 502271 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 502271 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 502271's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 502271's debt is well covered by operating cash flow (66.7%).
Interest Coverage: 502271's interest payments on its debt are well covered by EBIT (3.7x coverage).